Common use of Commission and Expenses Clause in Contracts

Commission and Expenses. In consideration of the services to be provided hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the number of Securities purchased) of (i) an underwriting discount equal to 7% of the aggregate gross proceeds raised in the Offering (the “Underwriting Fee”), and (ii) a non-accountable expense allowance of 1% of the gross proceeds of the Offering. In addition, the Company shall reimburse the Representative for certain out-of-pocket accountable expenses, as set forth in Section 4(i), which reimbursement shall be reduced by any Advances (as defined below) previously paid to the Representative. To the extent that the Underwriters’ incurred expenses are less than the Advances previously paid, the Underwriters will return to the Company that portion of the Advances not offset by out-of-pocket accountable expenses.

Appears in 6 contracts

Samples: Underwriting Agreement (Oriental Culture Holding LTD), Underwriting Agreement (Oriental Culture Holding LTD), Underwriting Agreement (Oriental Culture Holding LTD)

AutoNDA by SimpleDocs

Commission and Expenses. In consideration of the services to be provided hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the number of Securities purchased) of (i) an underwriting discount equal to seven percent (7% %) of the aggregate gross proceeds raised in public offering price on the Offering securities being offered (the “Underwriting Fee”), and (ii) a non-accountable expense allowance of one percent (1% %) of the gross proceeds of the Offering. In addition, the Company shall reimburse the Representative for certain out-of-pocket accountable expenses, as set forth in Section 4(i), which reimbursement shall be reduced by any Advances (as defined below) previously paid to the Representative. To the extent that the Underwriters’ incurred expenses are less than the Advances previously paid, the Underwriters will return to the Company that portion of the Advances not offset by out-of-pocket accountable expenses.

Appears in 4 contracts

Samples: Agreement (CDT Environmental Technology Investment Holdings LTD), Underwriting Agreement (Infobird Co., LTD), Underwriting Agreement (Infobird Co., LTD)

Commission and Expenses. In consideration of the services to be provided hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the number of Securities purchased) of (i) an underwriting discount equal to 77.5% of the aggregate gross proceeds raised in the Offering (the “Underwriting Fee”), and (ii) a non-accountable expense allowance of 1% of the gross proceeds of the Offering. In addition, the Company shall reimburse the Representative for certain out-of-pocket accountable expenses, as set forth in Section 4(i), which reimbursement shall be reduced by any Advances (as defined below) previously paid to the Representative. To the extent that the Underwriters’ incurred expenses are less than the Advances previously paid, the Underwriters will return to the Company that portion of the Advances not offset by out-of-pocket accountable expenses.

Appears in 3 contracts

Samples: Underwriting Agreement (UTime LTD), Underwriting Agreement (UTime LTD), Underwriting Agreement (UTime LTD)

Commission and Expenses. In consideration of the services to be provided hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the number of Securities purchased) of (i) an underwriting discount equal to 7% seven percent of the aggregate gross proceeds raised in the Offering (the “Underwriting Fee”), and (ii) a non-accountable expense allowance of 1% one percent of the gross proceeds of the Offering. In addition, the Company shall reimburse the Representative for certain out-of-pocket accountable expenses, as set forth in Section 4(i), which reimbursement shall be reduced by any Advances (as defined below) previously paid to the Representative. To the extent that the Underwriters’ incurred expenses are less than the Advances previously paid, the Underwriters will return to the Company that portion of the Advances not offset by out-of-pocket accountable expenses.

Appears in 1 contract

Samples: Underwriting Agreement (Blue Hat Interactive Entertainment Technology)

Commission and Expenses. In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters Representative or their respective designees their pro rata portion (based on the number of Securities purchased) of (i) an underwriting discount equal to 7% eight percent (8%) of the aggregate gross proceeds raised in the Offering (the “Underwriting Fee”), Offering; and (ii) a non-accountable expense allowance of 1% equal to one and a half percent (1.5%) of the gross proceeds of the OfferingOffering (the “Underwriting Fee”). In addition, the Company shall reimburse the Representative for certain out-of-pocket accountable expenses, as set forth in Section 4(i), which reimbursement shall be reduced by any Advances (as defined below) previously paid to the Representative. To the extent that the Underwriters’ Representative’s incurred expenses are less than the Advances previously paid, the Underwriters Representative will return to the Company that portion of the Advances not offset by out-of-pocket accountable expenses.

Appears in 1 contract

Samples: Underwriting Agreement (Gaucho Group Holdings, Inc.)

AutoNDA by SimpleDocs

Commission and Expenses. In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the number of Securities purchased) of (i) an underwriting discount equal to 7% six percent (6%) of the aggregate gross proceeds raised in the Offering (the “Underwriting Fee”), and (ii) a non-non- accountable expense allowance of 1% one-half percent (0.5%) of the gross proceeds of the Offering. In addition, the Company shall reimburse the Representative for certain out-of-pocket accountable expenses, as set forth in Section 4(i), which reimbursement shall be reduced by any Advances (as defined below) previously paid to the Representative. To the extent that the Underwriters’ incurred expenses are less than the Advances previously paid, the Underwriters will return to the Company that portion of the Advances not offset by out-of-pocket accountable expenses.

Appears in 1 contract

Samples: Underwriting Agreement (Golden Bull LTD)

Commission and Expenses. In consideration of the services to be provided hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the number of Securities purchased) of (i) an underwriting discount equal to 7% of the aggregate gross proceeds raised in the Offering (the “Underwriting Fee”), and (ii) a non-accountable expense allowance of 1% of the gross proceeds of the Offering. In addition, the Company shall reimburse the Representative for certain out-of-pocket accountable expenses, as set forth in Section 4(i5(a)(viii), which reimbursement shall be reduced by any Advances (as defined below) previously paid to the Representative. To the extent that the Underwriters’ incurred expenses are less than the Advances previously paid, the Underwriters will return to the Company that portion of the Advances not offset by out-of-pocket accountable expenses.

Appears in 1 contract

Samples: Underwriting Agreement (Junee LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!